Forex tip for beginners

Forex market might look quite lucrative, but trading in forex needs a lot of precautions. May be even more than Stock market. This is mainly because of the power of leverage. In most forex platforms you can leverage your money upto 200 times. While this means more money for you if your tarde does well, this also means that you are risking more with each trade. Here are few tips for beginners with e-toro.

1)      Do not, DO NOT trade with real money unless you have mastered the forex trading with demo account. I believe that e-toro is the simplest to understand trading platform for fx trading. You can download the free demo account of etoro by clicking the link below.

Click here for a free forex practice account

2)      A good forex strategy is to never invest more than 2% of your total trade in any one transaction.

3)      Enter the trade at the right time. If the trends are unclear to you( charts are up & down), wait till you get a clear trend to start the trade.

4)      Diversify your currency trading portfolio: Trade in different types of currencies & commodities.

5)      Follow the trend. E-toro platform shows you what the trend of trades for the day & for the last hour. It makes sense to follow what the forex leaders are doing. If most of the forex brokers are buying Us dollar against the Euro, you will benefit by doing the same. That’s the reason why I love e-toro. It makes fx trading the simplest that it can be.

Trade forex with eToro and get up to $1,000 forex bonus! Open a forex account today with a minimum deposit of just $50

I received many mails & queries on my previous article of forex trading. I presume some of you have already downloaded the free demo version of etoro forex trade. If not , you may download it now by clicking this link : free etoro demo forex trading software. I find etoro to be the best forex trading system in the market.

Today’s forex currency trading tip is like a goldmine. This is the most powerful forex trading secret big players use to rope in loads of profit in fx trading. This one tip alone has the potential to increase your forex earnings many folds. Here is your friendly forex signal tip:

It is best to trade when the activity & volumes of  forex trade is huge.

The best days to trade in forex from Tuesday to mid Friday. The forex markets close from 4 pm (Eastern standard time)  on Friday & open on Sunday at 5pm(Est ). There is very low volume of forex trade on Friday afternoons & Monday as forex traders are vary of forex trends. During these low business hours forex trade is more like gamble because any one major purchase or sale can go totally against the trend & one’s speculations could go completely wrong.

As a forex trader, one needs to know the trading times of different forex markets. Forex markets first open in New Zealand & Australia, followed by Asia & middle east and the last markets to open are Europe & America. Forex Trading is at it’s heaviest when the major markets overlap. The biggest forex markets are of UK & USA.

Given below are the Forex Trading sessions of major market in EST

USA  8 a.m. to 5 p.m.
Japan  7 p.m. to 4 a.m.
Australia  5 p.m. to 2 a.m.
UK  3 a.m. to 12 p.m.

A graphical representation of the above would be:

Click here to check out the current time in EST

From the above graph it is pretty clear that the best trading times when major markets overlap is:

USA & UK: 8 a.m. to 12 p.m.
Australia & Japan : 7 p.m. to 2 a.m.
UK & Japan: 3 a.m. to 4 a.m.

Wherever you are located, I am sure that you will find lots of profitable time to trade. During these peak periods, one can do a lot of small forex trades & earn pretty decent amounts.

Let’s summarize today’s forex trading tutorial :

Best days forex tarde : Wednesday, Thursday & Friday.

Best time for forex trade: 3  Forex trade overlapping time zones.

Wishing you all the best with your online forex earning

Here are some related posts from the net that you will enjoy:

If you are exploring online earning opportunities where one can earn 1000′s  of dollars from your home PC; trading forex online could be the option you are looking for.  The word trading is usually associated with risk, due the ups & downs of the stock market. Here, we are not talking of stock trading but trading in foreign currencies through forex platforms.

Forex markets are a much safer bet than stock due the facts mentioned below:

• Unlike stock market, up or down forex signals does not affect your earning potential. When a currency pair is going down one can make profit by selling it & vice versa when the currency pair is going up.
• The forex market stays open throughout the day; this increases the earning potential & decreases the risk.
• Most online forex accounts come with a stop loss mechanism. This means that you can never loose more money than that you have invested in that particular trade. We can also manually set much lower stop loss levels.
• One need not pay brokerage or commission charges for forex trade.
• Personally, I like the leverage in forex trade (also known as FX trade). In stock market one can get a leverage of 2:1 whereas forex brokers give you a leverage of up to 400:1. This means that smaller investments can get higher returns. (Higher leverage also means higher risk)

The challenge that we face is to learn to the new skills like – forex trade, forex signals, forex calendars & decipher forex charts & forex news.

This is where I am excited to share a new forex platform called etoro. etoro makes forex trading as simple a video game. There are other platforms like AVAFX which may be better in terms of reports & reputation, but none can compare to the ease of etoro.

Some other benefits of etoro are :

1. Free forex account (demo version) where one can practice & sharpen his/her trading skills.
2. Free forex course, downloadable forex book & forex tutorials.
3. Extremely user friendly platform, which makes trading a child’s play.
4. Low  minimum investment to trade ( one can start trading from 50$ deposit)
5. Multiple options to deposit & withdraw money (lowest withdrawal is at 20 $)
6. Live help & chat section.

Click the banner to open a free demo trading  A/c

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Travel Tips

Marketing activities have forced me to travel much more than my liking to various destinations. There is no denying that I usually get an adrenaline rush while traveling to new places, however travel can also be equally frustrating due of unanticipated circumstance. From my experience & valuable contributions from my colleagues of Jindal School of Hotel Management, here is a list of tips for travelers both domestic & international.

Tips for packing

• Despite being a frequent traveler, I often forget to pack important things. A simple check list will be of great help. Things that I have missed most are : visiting cards, small iron, foldable umbrella, belt & battery charger for camera.
• Rolling up clothes instead of stacking them , helps me to accommodate more in less space.
• I make a conscious effort to wear the biggest/ heaviest shoe & coat for travel. This will reduce considerable weight of the luggage & saves space too !
  
  
• One can also save space by applying the concept of nesting. Shoe is a great place to stock medicines or watch.

Tips for travel

• Avoid wearing heavy or fancy jewellery while traveling. This will unnecessarily attract attention of custom officials.
• For the sake of safety, always hide the waist pouch inside your pullover or T- shirt.
• Carry luggage that is Red or Green. This makes your luggage stand out from other grey & black luggage.
• Stick a label/name tag on your luggage. If you do not want to invest on new bag, one may even consider tying a red ribbon on the bag to make it stand out.
• Statistics show that early morning flights are less prone to cancellations, so these flights are a safer bet to book. Also we tire less when we fly in early part of day. Whatever flight you choose, one must ensure that the seat assignment is given to you in advance.

Friendly tip from my friend Rose:

Rose vouches for the fact that one is treated much better at airports if you wear a blazer while travelling, irrespective of the weather. I am zooming off to try this Rosy theory.

How I wish that I learned these at kindergarten.  I was/am enslaved to many of these habits blissfully unaware that these habits were causing long term damage to my body.  In fact I fall prey to some of these habits even today .  The good news is that now I am aware! & will eventually come out of these self damaging rituals.  May be, “Top to Toe Don’ts” is a more apt title for this article.

Here are 7 Don’ts (Top to Toe)

Hair:  Never use nails or comb to scratch your scalp.  This will cause injury to the scalp & thus result in damage to hair.  Use finger tips instead to rub the itching area mildly.  This also doubles up as massage which helps to spread the natural oils in your scalp.

Teeth:  Keeping too many tooth brushes in one cup, using a toothbrush protector (cover) or keeping tooth brush near to WC will all increase the bacteria in the tooth brush.  Even keeping tooth brush inside a closed cabinet is not advisable as it increases bacterial growth.

Eyes:  Never splash water directly into the eyes, ensure that the eyes are closed when splashing water.  I had the tendency to wash face as soon as I get back home.  It is advisable not to wash face when you are still sweating.  One needs to wait till the body cools down to the natural temperature before washing face.

Lips: Never bite the lips (this makes you look like a nervous wreck or a buck toothed moron ) or use saliva to keep it moistened.  I do agree that one should not let the lips go dry.  If you are against chemical laced creams, try natural cream or wax.

Skin:  One can overdo even a good habit & ultimately achieve the exact opposite of desired result.  I have oily skin & am also very prone to acne.  After being enlightened with the knowledge that washing face with pure water is a one stop solution to both my problems, I went overboard with it.  I started washing my face 20-25 times a day.  The results were shocking, the skin started cracking due to drying up of skin.

Stomach/ intestine:  Loosening the belt after a heavy meal is flirting with danger.  There is a good chance that the small intestine gets twisted in the process.  Here is my friendly tip-Eat less! Don’t eat as if there is no tomorrow .  It is also a myth that walking immediately after a meal is good for you.  In fact this exercise does not allow our body to absorb the nutrients from the food.

Foot: This is almost like a ritual for me; I judiciously polish my shoes every day to that shining appearance on it.  I do it with such vigor that I never felt the need for any other exercise to develop my biceps.  After spending so much of time with the smart & shiny shoe it was inevitable that I fell in love with it & started wearing the same pair everyday to office.  This was my biggest foot care error.  One must alternate between two pairs of shoes.  This gives sufficient time for each pair to dry out & also changes the specific pressure points that a shoe may have.

I recollect a story I heard long back; it was something about every part of the body fighting to prove that it is THE most important part. Fed up the senseless arguments, the ass hole shut itself up & every part suffered as a result. I guess it’s time to for me to shut up too !

“If you are not using Gmail, you must be living in stone age” – This is what I say to my friends who are still reluctant to switch over to this wonderful web mail service.  Most still believe that this is just another mailing service. It could be just that if one does not use the extensive features of this free Gmail account service.

Let’s looks at some of Gmail tricks today.  By the way, all these tricks are legal.  The post should have been appropriately titled “Getting the most out of your Gmail” But then I decided to go for a catchy phrase to grab your attention.    Now that I have your attention, let’s get down to business.

Since this blog is looking for more viewership from youngsters, most of the tips are to entice that age group.

Gmail trick # 1: To impress a new acquaintance, you may give them an altered Gmail id which will still work. Let’s say my Gmail id is sri.jshm@gmail.com & I am giving this id to my new friend “Deepika”.  I can give my id to her as sri.jshm+deepika@gmail.com. This is sure to take her by surprise & acts as a great conversation starter.  What if the acquaintance tries this Gmail address?  Relax, you will still get the mail because Gmail does not recognize any characters after ‘+’.  This new Gmail address will work just fine.  However your trick will be exposed when you reply from your Gmail account.

Gmail trick # 2: This trick will save you loads of time especially where the internet connection is slow. Even if one has a super fast connection, this Gmail trick will at least give rest to your fingers.  Almost all of us are actually embarrassed of our first mail accounts. The exuberance of youth coupled with the creative juices of a 21^st century mind forces us to create ids like “i_am_hot@Gmail.com”,  “supercrazy@Gmail.com”.  Such popular mail ids become a little uncomfortable to be listed in our resumes & we soon shift to more sober account names.  For some reason or the other most of us ultimately end with multiple webmail accounts.  Did you know that you can view & reply to all your mail accounts from just one Gmail address? What’s more, one can even view yahoo mail or rediffmail from your Gmail account.

This is how you can set it up:

1. Click on “settings” inside your Gmail account
2. Now click on the “Accounts” heading
3. You may add your new email id by clicking on the icon “add another email id that  you own”
4. One can also choose to send replies showing your new Gmail address (default) or showing the original Gmail    id from which the message was received.
5. The last step will be to confirm this change by going into your previous email address & clicking on a link mailed to you. This last step is to verify that the other account actually belongs to you.

Caution:  After doing this you will also receive all the unread messages from previous mail id, which may take some effort deleting. But once this is done, you will never again miss any mail from all your email accounts.

You may watch a PowerPoint presentation of Gmail trick # 2  below

[Slideshow]

Gmail trick # 3 :  Did you ever receive a humorous message only to find that half the fun was over because the message was detached from the attached picture. It’s time to tell goodbye to attachments. The new version of Gmail allows you add pictures in your message itself.

This can easily be activated by going into settings & clicking on “labs”.  Now, all that one has to do is just “enable” the “inserting Image” option.  This may take some finding, because the insert image option is fourth last in queue.

Once activated, a new icon will be displayed in the Gmail tool bar.

You just need to click on the icon to insert the image from your desktop .

Gmail trick # 4 :  Have you ever waited at the mall or theater for hours for your special someone to arrive ? Now, there is a cure for your friend’s forgetfulness! Create a Google calendar by visiting Google.com/calendar or from “More” options in the Google’s Homepage. Once the events are filled up, you can share it with your friend’s email account. (You can do all this from your Gmail account itself). Ha ha ….. I know what you are thinking… You cheats… here is the solution to the question that is troubling you. Yes you can hide the specific events from your friends too.  Once the calendar is shared you may click on the “ edit event” tab go to options & set email reminder or pop-up reminder to your friends, If you are reading this in USA, then you have an option of sms reminder too !

View the Power Point illustration of Gmail trick # 4 below.

[Slideshow]

Gosh!! While typing this I had forgotten the pancake on the stove. I guess Gmail can’t help in kitchen. ( )

Gmail trick #5 : This tip is about your favourite blog – www.friendly-tips.com. Let see how you will never miss any of the useful articles from this site.

On a more serious note, you may use this Gmail trick to get the latest information from your favourite news or information site.

1. Go to settings
2. Click on “Webclicks”
3. Under “search topic by url” type in www.friendly-tips.com
4. Click on search
   

5.  Click on the add button

6. Now you can see the latest articles from this site on your gmail just above the inbox.

This is the certainly the most important Gmail tip for you.( )

Gmail accounts can be great source of fun too, if coupled with features like Orkut & Picasa.  These can be dealt with in next article if desired.  Do roll in your comments on this article. Ah! Just a last Gmail tip, do not waste your time by inserting the (.  dot) in mail id, Gmail does not recognize this too. So a mail id sri.jshm is same as srijshm or s.r.i.j.s.h.m .

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Yikes! I almost forgot that I had a “Useful Sites” page in my blog. let me start this page with the most useful site of modern times.
For anyone serious about online transactions, paypal.com is a must have.  Paypal is owned by ebay company since 2002.  This site is your bank, credit card, debit card, payment processor – all rolled into one.  The best feature about this site is that it is available free of cost and takes only a minute to sign up.  Here are some facts about paypal.com

One can use their email i.d to log into paypal.

• Paypal account can be linked to either our credit card or our bank accounts.

• We can make transactions online without exposing our bank or credit card details.

• One can send and receive money from friends .

• Paypal is accepted in 190 countries.

• Transaction can be done in 18 different currencies.  (Paypal does all the conversions for you).

• Best of all, this is totally free for a buyer.

Here is how you open a paypal account:-

Click this link.
Feed in your email i.d, unique password & just follow the simple instructions from the site.

If you are looking to sell or buy anything from the net, paypal is an absolute must.
Don’t live in stone age, open a paypal account now. It’s FREE!